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Drone Delivery Canada Announces Commercial Agreement with Edmonton International Airport
Drone Delivery Canada Announces Commercial Agreement with Edmonton International Airport ...
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[{"type":"text","content":"\n\n\n\nDrone Delivery Canada Announces Commercial Agreement with Edmonton International Airport\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Oct. 29, 2019\n\n\n\nTORONTO, Oct. 29, 2019 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT, OTC: TAKOF) (the \"Company\" or \"DDC\") is pleased to announce that with the assistance of its sales agent Air Canada  (TSX: AC), DDC has entered into a commercial agreement dated October 28, 2019 (the \"Agreement\") with the Edmonton Regional Airports Authority (\"ERAA\"), operating Edmonton International Airport (\"EIA\") and Villeneuve Airport,  for the purpose of establishing the world's first airport drone delivery hub, at Edmonton International Airport using DDC's proprietary drone delivery platform.\nDDC and ERAA will build out flight routes from EIA using DDC's DroneSpot takeoff and landing zones utilizing DDC's drone flight infrastructure. Leveraging ERAA's expertise in airport operations, DDC and ERAA will implement, promote and market DDC's drone delivery services in this controlled airspace to a multitude of new and existing customers. All operations will be conducted in accordance with the Canadian Aviation Regulations and Transport Canada flight authorizations and shall be subject to DDC obtaining all required regulatory approvals.\n\"With ERAA, we will develop a drone logistics network centered at this world-class airport as a hub for numerous drone routes for our customers. We will continue to work with ERAA and Transport Canada to define particular routes, and with ERAA and Air Canada to negotiate revenue metrics and other commercial terms, to be announced in future press releases. Given the potential size and scope of this disruptive offering, revenue outlook could be significant while concurrently bringing tremendous logistical benefits to the region\", said Michael Zahra, President & CEO of DDC.  \"To all our stakeholders, I am pleased to report that we will be working closely with EIA to further our current expertise in operating at a major airport in controlled airspace...